REVIEW ICO DIRO - Decentralized Identity & Access Management -TOP HOT ICO 2018

DIRO decentralized identity & access platform powered by crowdsourcing of contact directories
WHAT IS DIRO?

Today’s digital world lacks a credible identity system that is universally consumable and can be trusted by counter parties across industries. Further, all crowd sourcing based solutions lack credibility and verification that is needed to address regulatory requirements. Getting, all the industries, governments and consumers across hundreds of jurisdictions to agree on a framework is a challenge. A great deal has already been written on challenges in creating universal identity (Vinay Gupta, 2017). The problem has been part technical and part political.

Owning identity itself is hard for individuals

Verifying real identities requires mass consensus and adoption

Centralized systems are unreliable in long term due security and political risks

Identities need to constantly remain validated and updated

Limitations of mass adoption by different stakeholders

As we rapidly adopt digital technologies with smartphone penetration slated to reach 4 billion by 2022 and new technologies like IOT, blockchain, AR/VR and digital currencies getting ready for mainstream adoption, the need for cybersecurity has never been greater. The identity theft losses are reaching $16b1 annually in USA alone. The cost of KYC & AML is $15bn in the financial industry only. The latest forecast from Gartner Inc. says worldwide information security (a subset of the broader cybersecurity market) spending will grow 7 percent to reach $86.4 billion (USD) in 2017 and will climb to $93 billion in 2018. Global spending on cybersecurity will exceed $1 trillion cumulatively over the next five years, according to Cybersecurity Ventures.2 [Cybercrime attacks are expected to cost us $6 trillion a year by 2021. In a single year, cyber terrorism could cost us three times more than the entire U.S. housing and real estate industry is currently worth. The Chairman of IBM calls it the “greatest threat to every profession, every industry, every company in the world”. Cisco cites a report saying it will be more profitable than the global trade of all major illegal drugs combined. ATT calls it the greatest transfer of economic wealth in history.]3 The identity data today, lies fragmented and owned by different corporations, having conflicting monetization objectives. It’s often secured by fragile passwords or rely on one-time passwords for recovery that are easy to hack with commonly available tools. With the explosion of web content and services, it has become hard to keep track of logins, profiles and passwords. MSISDN based one-time passwords still offer a temporary relief but the system is extremely vulnerable to hacking, lacks identity attributes and has no identity verification. On the other hand, social networks are limited by the number of people who join, remain centralized and committed to conflicting incentives to monetizing the identity data they are trusted with. They often subject the users to undesirable social noise and comparison. This positions them at odds with consumers volunteering data to build strong profiles. Further, the social footprint created on such networks still rely on the users to update the social profile without any real external validations. This has enabled the prevalence and spread of fake identities. Government and Industry are desperately looking for a solution. “More than 100 developing countries lack functional civil registration and vital statistics. Some countries like Malawi and Ethiopia have registration rates in the single digits. Experts estimate that there are 1.5 billion people without a legal identity. That’s the equivalent of all of China going untracked.

Providing everyone on the planet with a legal identity would expand access to democracy, unlock economic and legal rights, facilitate the provision of healthcare and education, and accelerate global economic development. In fact, it’s hard to overstate the implications if we were to get this right.” (ID2020.org, 2016) Gartner believes a decentralized identity model that is built on a common identity trust fabric will become more feasible in the coming years. (Gartner, 2016) Governments are now holding businesses and banks responsible for AML and KYC. Europe has recently witnessed a complete overhaul of data privacy under GDPR that is going live in May 2018 putting steep penalties on breaches. All countries are likely to follow suite.

Who Is Behind Diro?
Diro has a rather extensive team in place. It starts with the company’s four co-founders: Vishal Gupta, Nikhil Rai, Arjun Singh, and Sumeet Singh, all of whom are of Indian descent. Gupta is a coder who owns over a dozen patents and has helped to create multiple startups. Rai has a background in the consumer market. Arjun Singh has spent most of his professional career as a solution architect. Sumeet Singh, meanwhile, has a background in finance and fundraising.

The Diro website also lists a dozen Full Stack/Java engineers, five Swift/Objective C engineers, four UX Design/Business Analysis employees, and two CI/Testing engineers, as well as a slew of advisors and several other employees of various positions. Altogether, Diro has roughly three dozen employees and over half a dozen advisors.

How Diro Decentralized Crowdsourcing Identity Access Works
Diro is developing technology that can instantly verify a person’s legal identity and online documents. Any document will be stored with a timestamp, a verified SSL (secure sockets layer), and hash. Users can then tag those documents using a mobile number, which allows them to reuse the documents without revalidating them.

Diro also uses crowd intelligence to operate as a contacts app. People with shared phone books will be automatically tagged, essentially using the people you know to verify your ID. These contacts will be updated and organized automatically and include privacy controls. Diro describes it as a social fingerprint that makes it impossible to lose your identification.

Through Diro’s use of crowd intelligence can organize your contacts into mini-phone books. Users can have four different profile cards, making it easy to separate contacts into work and personal contacts. This also makes it possible for co-workers to all get on the same mini-phonebook in a way that makes it easy for new employees to receive everyone else’s contact information as soon as they join the team.

Additional Features of Diro Include:
-Archive Contacts
-Intelligent Search
-Import from Excel
-Automatic De-duplicate
-Smart Dialer
-Works Across Platforms
-Auto Backup on Cloud
-Seamless Card Exchange
-Rewind Changes

OUR THE BIG TEAM

Diro Token ICO Details

The Diro website does not list dates for the company’s ICO. However, it does state that they plan to distribute 10 billion DiroTokens. Of that 10 billion, there will be three billion pre-mined DiroTokens that will be distributed to top investors, advisors, and team members. The remaining seven billion DiroTokens will be distributed to the first 500 million people who contribute to the platform.

DiroTokens can be earned one of two ways. The first is by validating your personal connections and sharing your Profile Cards. The second is for building your community by uncovering a mobile phone network. Those tokens can then be used for one of the following services:

Remote KYC/CDD/EDD
Seamless Group-Access to Apps
Cloud LDAP
Advance Directory Features

OUR PARTNERS

OUR LEGAL PARTNERS

So my review of this amazing project,
Hopefully adding information that can provide more benefits in investing in the future, Let's succeed this project

FOR MORE INFORMATION, PLEASE VISIT THE FOLLOWING:

Website: http://www.diro.io/

Whitepaper: https://docs.wixstatic.com/ugd/fae167_26798553a540495d9c8189932e9c088f.pdf

Announcement Thread : https://bitcointalk.org/index.php?topic=3266144.msg34032664

Facebook : https://www.facebook.com/DiroBlockchain

Twitter : https://twitter.com/DiroLabs

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